Expanding economy serves as an accelerator to O a. Intrapreneurship o b. Sole proprietorship Economic development 0 C. Entrenreneurshin
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Expanding economy serves as an accelerator to Entrepreneurship.
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- Expanding economy : Economic expansion is a result of real GDP grows from a lower range to a peak within two or more subsequent quarters.
- This is known as economic recovery that occurs during times of economic stimulation. This results to the rise in employment, consumer confidence and discretionary spending.
- Entrepreneurs lay out new business plans along with the improvement products and services to the market with enhanced technology.
- Entrepreneur creates Employment ad increase national earnings.
- By creating new products and services, Entrepreneur stimulate new employment, which ultimately results in the acceleration of economic development.
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